安徽楚江科技新材料股份有限公司 2021 年第一季度报告全文 安徽楚江科技新材料股份有限公司 2021 年第一季度报告 2021 年 04 月 1 安徽楚江科技新材料股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人姜纯、主管会计工作负责人黎明亮及会计机构负责人(会计主管 人员)李健声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽楚江科技新材料股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|---------------------------| | □ 是 ...

Financial Performance - The company's operating revenue for 2020 was ¥22,974,092,037.13, representing a 34.76% increase compared to ¥17,047,972,097.04 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥274,243,262.86, a decrease of 40.51% from ¥461,010,188.69 in 2019[26]. - The net cash flow from operating activities for 2020 was -¥418,721,874.15, a decline of 297.19% compared to ¥212,349,079.41 in 2019[26]. - The basic earnings per share for 2020 was ¥0.21, down 41.67% from ¥0.36 in 2019[26]. - The total assets at the end of 2020 were ¥11,245,466,892.13, an increase of 32.90% from ¥8,461,460,982.42 at the end of 2019[26]. - The net assets attributable to shareholders at the end of 2020 were ¥5,751,889,357.00, a 5.02% increase from ¥5,476,837,497.04 at the end of 2019[26]. - The company achieved a revenue of CNY 22,974.09 million in 2020, representing a year-on-year growth of 34.76%[61]. - The gross profit for the year was CNY 1.60 billion, representing a year-on-year increase of 22.25%[71]. - The net profit attributable to the parent company was CNY 274 million, a decrease of 40.51% year-on-year[71]. Operational Highlights - The company reported a quarterly operating revenue of ¥7,223,944,314.86 in Q4 2020, showing a consistent growth trend throughout the year[31]. - The company maintained a production capacity utilization rate of 100%, sales rate of 100%, and cash recovery rate of 100%[3]. - The company achieved a production volume of 234,500 tons of high-precision copper alloy strip in 2020, holding an 11.9% market share in China, the largest in the country[39]. - The total sales volume of various metal materials reached 700,200 tons, an increase of 19.07% compared to the previous year[63]. - The company has established over 30 marketing platforms nationwide, enhancing its ability to understand customer needs[3]. Research and Development - The company has a strong R&D capability with 8 external academicians and a high-quality technical team[53]. - The company focuses on high-performance carbon fiber composite materials, with significant technological advantages in precision manufacturing[52]. - The company's R&D investment increased by 50.29% from 536,422,949.93 CNY in 2019 to 806,172,214.53 CNY in 2020[95]. - The number of R&D personnel rose by 15.19%, from 1,126 in 2019 to 1,297 in 2020, representing 20.20% of the total workforce[95]. - The company has 582 valid patents as of the end of 2020, including 175 invention patents[65]. Strategic Initiatives - The company is committed to enhancing its core competitiveness and participating in global competition through continuous technological upgrades[36]. - The company aims to increase its market share to 25%-30% in the advanced copper-based materials sector as industry consolidation opportunities arise[39]. - The company is positioned as a core developer of special large thermal equipment for national aerospace and defense sectors, addressing critical supply chain challenges[44]. - The company is advancing the listing process for Dingli Technology, with preparations officially started on June 29, 2020[69]. - The company has made strategic acquisitions in the military new materials sector, enhancing its competitive advantage in carbon-carbon composite materials[141]. Market Trends and Outlook - The company anticipates strong demand growth for copper-based materials driven by emerging sectors such as renewable energy and electric vehicles[186]. - The demand for carbon fiber composite materials in China is experiencing rapid growth, driven by advancements in the national economy and the strategic importance of the defense industry[187]. - The market potential for high-performance composite materials in thermal equipment is estimated to reach 10.3 billion yuan by 2020[196]. - The carbon fiber composite materials market in the automotive sector is projected to become mainstream by 2025, according to Lux Research[192]. - The company aims for high-quality development to become an industry leader with a target compound annual growth rate (CAGR) of over 20% and a market share of over 30% for its leading products[197]. Financial Management - The company reported a significant increase in trading financial assets to ¥744,252,839.20, which is 6.62% of total assets, up from 5.75%, due to the temporary investment of raised funds in financial products[110]. - The total cash and cash equivalents increased by 798,357,010.66 CNY, a significant rise of 1,144.78% compared to the previous year[99]. - The company has committed a total of 389,533 million yuan to various investment projects, with 225,374.35 million yuan already utilized, indicating a utilization rate of approximately 57.8%[141]. - The company has temporarily supplemented working capital with RMB 17,900.00 million from the raised funds of the 2019 public convertible bond issuance[150]. - The company has identified advanced copper-based materials and new materials as its dual main business model, focusing on military-civilian dual-use carbon fiber[151].

Financial Performance - Operating revenue for the reporting period was ¥6,356,151,798.65, representing a year-on-year growth of 33.80%[8]. - Net profit attributable to shareholders was ¥137,109,365.70, a slight increase of 1.13% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥105,108,327.19, up by 7.50% year-on-year[8]. - Basic earnings per share were ¥0.103, an increase of 0.98% year-on-year[8]. - Operating profit decreased by 41.57% to ¥247,096,690.03 compared to the previous year[27]. - Net profit fell by 40.56% to ¥217,963,118.80 year-on-year, with recovery in metal base material profitability[27]. - Total profit decreased by 41.05% to ¥247,315,591.97, reflecting a significant decline compared to the same period last year[27]. - The company’s net profit attributable to shareholders decreased by 44.37% to ¥198,207,494.35[27]. - The company reported a total profit of ¥166,506,926.60, compared to ¥163,221,771.93 in the previous period, representing an increase of 2.0%[92]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,067,648,277.84, an increase of 30.80% compared to the end of the previous year[8]. - The total current assets amounted to CNY 6,963,906,626.40, an increase from CNY 4,768,434,023.53 as of December 31, 2019, representing a growth of approximately 46.1%[70]. - The total liabilities reached ¥5,229,233,678.13, up from ¥2,863,808,563.02, marking an increase of around 83%[76]. - Current liabilities rose to ¥3,390,532,203.77 from ¥2,711,910,689.32, reflecting a growth of approximately 25%[76]. - Non-current assets totaled ¥4,103,741,651.44, compared to ¥3,693,026,958.89, indicating an increase of about 11%[79]. - The company’s total liabilities amounted to ¥2,711,910,689.32, remaining consistent with the previous period[135]. Cash Flow - The net cash flow from operating activities was -¥196,532,053.48, a decrease of 4.20% compared to the previous year[8]. - Cash flow from operating activities showed a significant decline of 96.26%, amounting to -¥784,535,050.27 due to increased inventory and accounts receivable[27]. - The net cash flow from financing activities increased by 125.23% to ¥2,103,938,026.22, primarily from the issuance of convertible bonds raising ¥1.816 billion[27]. - The cash inflow from financing activities totaled ¥4,068,000,323.56, significantly higher than ¥1,882,738,761.81 in the previous period[122]. - The cash and cash equivalents at the end of the period amounted to ¥892,170,285.25, up from ¥601,824,744.05 at the end of the previous period[122]. Investments and R&D - Research and development expenses increased by 60.75% to ¥533,106,307.35 from ¥331,631,910.21 year-on-year[24]. - The company reported a total initial investment of 6,775.27 million in derivative investments, with a net loss of 1,015.59 million during the reporting period[39]. - The intelligent thermal equipment and special composite materials industrialization project has seen a cumulative investment of 21,585.12 million, achieving 65.76% of the planned investment[45]. - The company has invested 18,880.44 million in fundraising projects during the reporting period, with a cumulative investment of 124,567.39 million[44]. Shareholder Information - The total number of shareholders at the end of the reporting period was 52,691, with the largest shareholder holding 32.37% of the shares[12]. - The company has not engaged in any repurchase transactions among its top shareholders during the reporting period[18]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[56]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥78,484,492.29 during the reporting period[11]. - The company received government subsidies related to non-operating activities, resulting in other income of ¥4,260,203.66, an increase of 100.15%[27]. Future Plans and Strategies - The company plans to continue expanding its production capacity and upgrading its copper alloy products, with an additional capacity of 75,000 tons per year[27]. - The company has conducted multiple investor communications, discussing recent operational conditions and future development strategies[57][60]. - The company has not provided specific future development strategies in the recent communications, suggesting a focus on operational performance[63].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥9,393,995,923.62, representing a 34.73% increase compared to ¥6,972,439,810.72 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 72.32% to ¥61,098,128.65 from ¥220,744,959.67 year-on-year[23]. - The net cash flow from operating activities was negative at ¥-588,002,996.79, a decline of 202.18% compared to ¥-194,590,023.26 in the previous year[23]. - Basic earnings per share dropped by 75.00% to ¥0.046 from ¥0.184 in the same period last year[23]. - Total assets increased by 29.83% to ¥10,985,897,375.06 from ¥8,461,460,982.42 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company rose by 1.46% to ¥5,556,881,091.92 from ¥5,476,837,497.04 at the end of the previous year[23]. - The company reported a non-recurring loss of approximately 14.94 million yuan from financial assets and derivatives during the reporting period[30]. - The company reported a total investment of ¥206,560,000.00 during the reporting period, a 100% decrease compared to the previous year[90]. Market Position and Strategy - The company focuses on the research and manufacturing of advanced basic materials and military new materials, including precision copper strips, copper conductor materials, and carbon fiber composite materials[32]. - The company achieved a production volume of 196,200 tons of high-precision copper alloy strips in 2019, holding a 10.49% market share in China, ranking first in the industry[35]. - The domestic demand for carbon brake preforms for the C919 aircraft is estimated to increase by 494 tons, indicating significant growth potential for the company's products[37]. - The company is the only domestic supplier of carbon brake preforms for the C919 and ARJ21 aircraft, breaking foreign monopolies in this field[36]. - The high-performance composite materials market is projected to reach 10.3 billion yuan by 2020, driven by major national projects like the C919 aircraft[41]. - The company aims to capture a market share of 25% to 30% in the advanced copper-based materials sector as industry consolidation opportunities arise[35]. - The company has become a core research unit for special large thermal equipment in national aerospace and defense sectors, contributing significantly to major national projects[40]. - The company plans to actively participate in national major engineering and defense projects, positioning itself as a comprehensive service provider in military new materials and high-end thermal equipment[42]. Operational Efficiency - The company maintains a 100% capacity utilization rate, sales rate, and cash recovery rate, indicating strong operational efficiency[46]. - The company has established over 30 marketing platforms nationwide, enhancing its ability to understand and respond to customer needs[46]. - The company has a strong R&D capability with multiple national and provincial technology centers, ensuring continuous innovation and product quality improvement[48]. - The company is the largest producer of carbon fiber products in China, with significant market advantages and a focus on expanding applications in various industries[51]. - The company has developed a unique business model that combines high-end equipment manufacturing with personalized technical services, positioning itself as a strategic partner in the aerospace sector[53]. Investment and Fundraising - The company raised CNY 1.83 billion through a convertible bond issuance to support product upgrades and growth in the basic materials sector[62]. - The company has established a complete risk control system for derivative investments, effectively assessing and controlling various risks[99]. - The company aims to utilize futures market hedging to reduce losses caused by price fluctuations in its operations[99]. - The total amount of raised funds is CNY 387,963.96 million[100]. - The total amount of raised funds invested during the reporting period is CNY 28,784.14 million[100]. - The cumulative amount of raised funds invested is CNY 167,223.94 million[100]. - The company has established multiple special accounts across various banks to manage the raised funds effectively[106]. - The company remains committed to transparency and regulatory compliance in the management of its fundraising activities[109]. Challenges and Risks - The company faced a significant decline in net profit due to various operational challenges and market conditions[23]. - The company has outlined potential risks and countermeasures in its operational analysis section[6]. - The company is facing risks related to macroeconomic policy changes and market demand, which could impact its metal materials manufacturing and sales business[151]. - The company plans to enhance its market share and competitiveness to mitigate risks associated with economic slowdowns[151]. - The company is facing challenges in meeting planned progress and expected benefits due to market changes and increased competition in the graphite anode materials sector[114]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[7]. - The annual shareholders meeting had a participation rate of 53.05% on May 15, 2020[159]. - There were no major litigation or arbitration matters during the reporting period[169]. - The company has completed all commitments made during the asset restructuring process[160]. - The half-year financial report has not been audited[165]. - The company has implemented comprehensive safety measures following a production safety incident, including enhanced training and safety management systems[171]. - There were no media inquiries or widespread doubts regarding the company during the reporting period[170]. - The company has not experienced any bankruptcy restructuring matters during the reporting period[166].

安徽楚江科技新材料股份有限公司 2020 年第一季度报告全文 安徽楚江科技新材料股份有限公司 2020 年第一季度报告 2020 年 04 月 1 安徽楚江科技新材料股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人姜纯、主管会计工作负责人黎明亮及会计机构负责人(会计主管 人员)李健声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽楚江科技新材料股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|------------------------| | | 本报告期 | ...

Financial Performance - The company's operating revenue for Q1 2020 was ¥3,901,184,831.93, representing a 32.26% increase compared to ¥2,949,672,482.77 in the same period last year[8] - The net profit attributable to shareholders was -¥94,163,518.93, a decrease of 230.90% from a profit of ¥71,936,067.81 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥109,758,312.75, down 545.85% from ¥24,617,518.53 in the same period last year[8] - The basic earnings per share were -¥0.071, a decline of 218.33% from ¥0.060 in the same period last year[8] - The diluted earnings per share were also -¥0.071, reflecting the same percentage decline as the basic earnings per share[8] - The weighted average return on equity was -1.74%, down 3.34% from 1.60% in the previous year[8] - The gross profit margin decreased significantly, leading to a total profit of CNY -111,138,735.25, down 233.14% from the previous year[24] - The total operating costs amounted to CNY 3,951,314,247.77, up from CNY 2,939,451,998.64, indicating a significant increase of about 34.4%[72] - The net profit for the current period was a loss of CNY 91,024,248.64, compared to a profit of CNY 73,252,465.15 in the previous period, reflecting a decline of approximately 224%[75] - The total comprehensive income for the period was -60,054,910.31 CNY, compared to 17,259,064.76 CNY in the previous period[85] Cash Flow - The net cash flow from operating activities was -¥153,740,357.80, an improvement of 51.30% compared to -¥315,685,278.47 in the previous year[8] - Cash inflow from operating activities amounted to 3,969,315,262.16 CNY, an increase from 3,166,976,637.68 CNY year-over-year[86] - Cash outflow from operating activities totaled 4,123,055,619.96 CNY, up from 3,482,661,916.15 CNY in the previous period[89] - The net cash flow from financing activities was 131,516,249.56 CNY, down from 144,140,701.58 CNY year-over-year[92] - The net cash flow from investment activities was -73,401,568.11 CNY, compared to 86,664,608.64 CNY in the previous period[89] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,930,857,705.29, an increase of 5.55% from ¥8,461,460,982.42 at the end of the previous year[8] - The total liabilities amounted to CNY 3,476,564,517.64, up from CNY 2,863,808,563.02 year-over-year[60] - The total equity attributable to shareholders of the parent company decreased to CNY 5,330,338,995.00 from CNY 5,476,837,497.04[60] - The company's cash and cash equivalents decreased to CNY 834,161,387.41 from CNY 948,709,349.26, reflecting a decline of about 12.06%[51] - Accounts receivable increased significantly to CNY 1,547,525,240.93 from CNY 1,085,298,843.87, marking an increase of approximately 42.56%[51] - The company's total current liabilities increased, with accounts payable rising to CNY 852,053,614.23 from CNY 461,936,368.37, reflecting an increase of about 84.38%[54] Government Support and Investments - The company received government subsidies amounting to ¥23,615,689.05 during the reporting period[8] - The company plans to publicly issue A-share convertible bonds totaling no more than RMB 1.83 billion[25] - The company has completed the approval process for the public issuance of convertible bonds, receiving approval from the China Securities Regulatory Commission on April 17, 2020[25] - The company plans to use the repurchased shares for employee stock ownership plans or to reduce registered capital[31] - The company reported a derivative investment in hedging amounted to RMB 6.78 million, with a year-end investment value of RMB 13.66 million, representing 2.56% of the company's net assets[38] Future Outlook and Strategic Initiatives - The estimated net profit for the first half of 2020 is projected to be between RMB 10 million and RMB 15 million, representing a year-on-year decline of over 50%[33] - The company’s production and sales scale are expected to continue to grow as market demand recovers in the second quarter of 2020[35] - The company provided a future outlook projecting a revenue growth of 10% for the next quarter[112] - New product development includes the launch of a high-performance material expected to increase market share by 5%[112] - The company is expanding its market presence in Southeast Asia, targeting a 15% increase in sales in that region[112] - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 30%[112] - The company plans to invest 10 million RMB in R&D for new technologies over the next fiscal year[112] - The company aims to reduce operational costs by 8% through efficiency improvements[112] - A new marketing strategy is expected to boost brand awareness by 25% in the next six months[112]

Financial Performance - The company's operating revenue for 2019 was ¥17,047,972,097.04, representing a 30.07% increase compared to ¥13,107,106,472.31 in 2018[30]. - The net profit attributable to shareholders for 2019 was ¥461,010,188.69, a 12.83% increase from ¥408,592,617.88 in 2018[30]. - The net profit after deducting non-recurring gains and losses was ¥297,727,957.34, which is a 38.99% increase from ¥214,212,176.21 in 2018[30]. - The company's total assets at the end of 2019 were ¥8,461,460,982.42, a 27.67% increase from ¥6,627,615,496.56 at the end of 2018[30]. - The net assets attributable to shareholders increased by 22.48% to ¥5,476,837,497.04 at the end of 2019 from ¥4,471,770,294.60 at the end of 2018[30]. - The company achieved quarterly revenues of ¥5,325,041,865.99 in Q4 2019, marking a steady growth trend throughout the year[33]. - The company achieved a revenue of 17 billion CNY, a 30% increase year-on-year, with net profit reaching 460 million CNY, up 13% from the previous year[64]. - The total profit for 2019 was CNY 7,676.31 million, reflecting a growth of 2.82% year-over-year[182]. Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per share, totaling 129,085,656.30 RMB based on a total share capital of 1,290,856,563 shares after deducting 42,811,262 repurchased shares[7]. Business Operations - The company’s main business includes the research, processing, and sales of non-ferrous metal materials, carbon composite materials, and lithium battery anode materials[25]. - The company has been listed on the Shenzhen Stock Exchange since September 21, 2007, and has undergone no changes in its controlling shareholder[25]. - The company’s registered address is located at No. 8, Jiu Hua North Road, Wuhu City, Anhui Province, with a postal code of 241008[19]. - The company’s stock code is 002171, and it is commonly referred to as "Chujiang New Materials" in the market[19]. - The company has a focus on developing new materials and technologies, including 3D printing materials and powder metallurgy materials[25]. - The company is focused on the research and manufacturing of advanced basic materials, serving industries such as consumer electronics, 5G, and defense[39]. Risk Management - The company has not identified any significant adverse risk factors affecting its operational, financial status, or sustainable profitability[6]. - The company emphasizes the importance of risk awareness regarding future development plans and forecasts, which do not constitute substantive commitments to investors[6]. - The company's operational management emphasizes continuous improvement and risk control through various measures, ensuring financial safety[53]. Research and Development - The company has established multiple R&D platforms, including a national postdoctoral research station and a provincial engineering laboratory, enhancing its innovation capabilities[59]. - The company has a strong R&D team with 8 external academicians and 38 specialized technical personnel, ensuring high-quality product development[55]. - The company applied for 19 patents in military new materials during the reporting period, including 13 invention patents[66]. - The company holds 548 valid patents, including 271 invention patents, and has actively participated in the formulation of 35 industry standards[101]. - The company is involved in the "National Key R&D Program" project focusing on the efficient thermal treatment technology of waste enameled wire, in collaboration with several universities[101]. Market Position and Strategy - The company ranks first among China's top ten copper strip and sheet manufacturers, holding a market share of 10.49% with a production volume of 196,200 tons in 2019[40]. - The company aims to increase its market share to 25%-30% as the industry consolidates, with the top ten manufacturers currently accounting for 43.63% of the total production of 1.87 million tons[40]. - The strategic goal is to enter the top three in the domestic market within five years and become the industry leader in ten years for high-end copper conductor materials[161]. Acquisitions and Investments - The company completed the acquisition of 80% of Xinhai Gaodao, extending the copper conductor industry chain downstream[65]. - The company completed the acquisition of 57.78% equity in Jiangsu Xinhai Gaodao New Materials Co., Ltd., expanding its consolidation scope[87]. - The company approved the use of CNY 10.75 million of raised funds for acquiring 57.78% equity in Jiangsu Xinhai High-Conductivity New Materials Co., Ltd.[152]. - The company completed the acquisition of Xinhai High-Conductivity in June 2019, allowing for horizontal capacity expansion and vertical quality enhancement in the copper conductor industry[163]. Financial Position and Cash Flow - The company generated a net cash flow from operating activities of ¥212,349,079.41, an increase of 18.53% from ¥179,150,822.77 in 2018[30]. - The net cash flow from investment activities decreased by 232.57% year-on-year, resulting in a net outflow of ¥884,886,903.62, attributed to increased expenditures on fixed assets and equity acquisitions[107]. - The net cash flow from financing activities surged by 326.49% year-on-year, totaling ¥738,995,776.99, mainly due to a targeted issuance of shares raising ¥734 million[107]. - The company's total assets included cash and cash equivalents of ¥948,709,349.26, accounting for 11.21% of total assets, a decrease of 0.99% from the beginning of the year[113]. - The company's inventory increased to approximately 1.26 billion, representing a 14.91% increase year-over-year, attributed to growth in the basic materials and military materials sectors and the acquisition of a new subsidiary, Xinhai Gaodao[116]. Market Trends and Demand - The carbon fiber composite materials market is expected to see rapid growth, particularly in industrial applications and aerospace sectors[193]. - The demand for carbon brake preforms for domestic C919 aircraft is estimated to increase by 494 tons, contributing to a projected explosive growth in the company's product demand[42]. - The demand for copper in the electric vehicle sector is projected to increase by over 40,000 tons annually due to rising production capabilities[188]. - The high-speed rail sector in China, which holds over 50% of the global market share, is expected to increasingly adopt carbon brakes as speeds exceed 300 km/h[198].

安徽楚江科技新材料股份有限公司 2019 年第三季度报告全文 安徽楚江科技新材料股份有限公司 2019 年第三季度报告 1 2019 年 10 月 安徽楚江科技新材料股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人姜纯、主管会计工作负责人黎明亮及会计机构负责人(会计主管 人员)李健声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽楚江科技新材料股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|-------------------|--- ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 6,972,439,810.72, representing an increase of 8.24% compared to CNY 6,441,679,120.43 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 220,744,959.67, up by 3.67% from CNY 212,926,648.15 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 136,759,522.97, which is a 13.48% increase from CNY 120,515,815.25 year-on-year[23]. - The net cash flow from operating activities was negative at CNY -194,590,023.26, worsening by 47.60% compared to CNY -131,835,993.19 in the previous year[23]. - Total assets at the end of the reporting period reached CNY 8,169,937,006.61, an increase of 23.27% from CNY 6,627,615,496.56 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were CNY 5,440,114,496.90, reflecting a growth of 21.65% from CNY 4,471,770,294.60 at the end of the previous year[23]. - Basic earnings per share decreased by 8.46% to CNY 0.184 from CNY 0.201 in the same period last year[23]. - The weighted average return on net assets was 4.82%, down from 6.15% in the previous year, a decrease of 1.33%[23]. Market Position and Growth Potential - The company achieved a production volume of 180,000 tons of high-precision copper alloy strip in 2018, holding a market share of 10.32% in China, ranking first in the industry[34]. - The company aims to increase its market share to 25% to 30% in the advanced copper-based materials sector, indicating significant growth potential[34]. - The domestic demand for carbon brake preforms for the C919 aircraft is estimated to increase by 494 tons, contributing to explosive growth in the company's product offerings[36]. - The carbon fiber composite materials market for high-speed rail brake pads is projected to exceed 10 billion RMB, reflecting a substantial market opportunity[39]. - The company is a key player in the high-performance carbon fiber composite materials sector, being the only domestic producer of aircraft carbon brake preforms[35]. - The company has established itself as a leading manufacturer of special equipment and high-performance materials, contributing to major national projects and defense initiatives[40]. - The company is positioned among the top 10 enterprises in China's copper strip manufacturing, with a production capacity of approximately 731,000 tons, accounting for 41.89% of the national total[34]. - The company has successfully broken foreign monopolies in the production of high-performance carbon brake discs, marking a significant milestone in domestic manufacturing capabilities[35]. - The company is actively participating in national major projects and defense construction, aligning with the strategy of deep integration of military and civilian sectors[41]. - The company has a strong focus on R&D in advanced copper-based materials and military new materials, achieving steady growth in both business segments[32]. Investments and Acquisitions - The company acquired 57.78% equity in Xinhai Gaodao for 20,656 million CNY, making it a subsidiary[42]. - Intangible assets increased by 39.27% compared to the beginning of the period, mainly due to the acquisition of land use rights and patents from Xinhai Gaodao[42]. - Accounts receivable rose by 91.58% compared to the beginning of the period, attributed to increased sales scale and the merger with Jiangsu Xinhai[42]. - Development expenditures increased by 32.44% compared to the beginning of the period, reflecting higher R&D investments[42]. - Other non-current assets increased by 53.31% compared to the beginning of the period, mainly due to reclassification of prepayments for equipment and engineering[42]. - The company completed the acquisition of 57.78% of Jiangsu Xinhai High-Conductivity New Materials Co., enhancing its market and technology capabilities[58]. - The company has been actively engaging in mergers and acquisitions, as evidenced by the purchase of assets from 天鸟高新[96]. Operational Efficiency - The company maintains a 100% capacity utilization rate, sales rate, and cash recovery rate, indicating strong operational efficiency[44]. - The company has established multiple R&D platforms, including a national postdoctoral research station and a provincial engineering research center, enhancing its innovation capabilities[50]. - The company has developed a unique marketing model with 33 marketing platforms nationwide, enhancing customer engagement and service responsiveness[44]. - The company has achieved significant technological advancements in high-performance carbon fiber composite materials, solidifying its market leadership[46]. Financial Management and Fundraising - The company raised a total of RMB 135,283.00 million through a private placement of 89,889,036 shares at RMB 15.05 per share, with a net amount of RMB 133,633.01 million after expenses[90]. - The company has established multiple special accounts for fundraising, including RMB 25,150.00 million at 招商银行 and RMB 25,310.00 million at 建设银行[91]. - The company signed a four-party supervision agreement for fundraising with various banks, ensuring compliance with regulatory requirements[96]. - The company has a dedicated storage system for the raised funds to ensure proper management and usage[90]. - The company has allocated CNY 18,000.00 million of idle raised funds for temporary working capital in the first half of 2019, with specific amounts of CNY 5,000.00 million in January, CNY 8,000.00 million in April, and CNY 5,000.00 million in May[103]. Risks and Challenges - The company anticipates risks related to macroeconomic policy changes and raw material price fluctuations, which could impact its metal materials manufacturing and sales business[138][139]. - The company aims to enhance its market share and competitiveness to mitigate risks associated with economic slowdowns and raw material price volatility[138][139]. - The company faces intense competition in the low-end market, despite its focus on high-end products, which may lead to increased competition as high-end production capacity expands[140]. - The company is at risk of bad debts due to a diverse customer base and high sales volume, necessitating improved credit management and a robust credit policy[141]. Corporate Governance and Compliance - The company did not distribute cash dividends or issue bonus shares for the half-year period, indicating a focus on reinvestment[146]. - The company held its annual general meeting with a participation rate of 58.27% and a temporary meeting with 50.47% participation, reflecting shareholder engagement[144]. - The company has fulfilled its commitments made during the asset restructuring process, ensuring compliance with regulatory requirements[146]. - The company has no significant litigation or arbitration matters during the reporting period[158]. - The company has no significant changes in the integrity status of its controlling shareholders or actual controllers[164].

安徽楚江科技新材料股份有限公司 2019 年第一季度报告全文 安徽楚江科技新材料股份有限公司 2019 年第一季度报告 2019 年 04 月 1 安徽楚江科技新材料股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人姜纯、主管会计工作负责人黎明亮及会计机构负责人(会计主管 人员)李健声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽楚江科技新材料股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | □ 是 √ ...